Japan 225
Nikkei Daily update (24/8/17)19300 is a nice support zone.
there is no nice candle to long at the moment.
next support zone if 19300 broken will be 18900
tradesafe
Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level.
or if there is any question about this analysis/need new update.
Because im not monitoring this chart all time.
NIKKEI225 H4/DAILY TRADE (SELL)Hello, traders!
NIKKEI 225 formed a bearish wolfewave and made a good move below the line 2-4 being supported by medium volume.
Opened sell position, but as the price bounced from fibo fan 61.8, it may retrace to line 2-4 later. If so and supported by divergence/volume, this can become an opportunity for more shorts.
GL All!
Nikkei Daily OutlookHey Guys,
Hope everybody is going fine. We have here a short daily outlook of the Asian index.
We are expecting Nikkei to drop to around 18368.02. From there we will expect higher Nikkei to eventually break above all time high and higher.
As we are expecting U.S. equities to drop at least one leg lower. We wouldn't like buying nikkei as of for right now. Asian and European indices are likely following the path of the U.S. equities. That's why be careful with long position for the midterm!
Hope that helps and always use a stop loss and never risk more than 0.5% per trade.
Cheers
Nikkei 225 Trading IdeaPrice reached the strong resistance level 20000. MACD histogram starts falling and RSI shows that the market is overbought. It's a signal that the market is going to reverse and we'll see down movement. Entry level for possible short trades should be below 19800 with stop orders above 20000 level. Profit target is at 19000 level.
USDJPY: Trend is up nowI think we can be more or less sure that the trend has now turned up on this pair. I'm holding longs, although I had closed earlier, I reentered when turning up for the day today, after we made a new daily low. That was a good cue for a potential short term bottom.
I like the VIX key levels on this pair, I have talked about this in the past. For more information, check Tim West's publications.
If you're long, hold and trail stops gradually.
Good luck!
Ivan Labrie.
AUDJPY Ready for a Sell OffAUDJPY has been in a downtrend for sometime now. We rejected the .618 fib level of the last leg and broke back thru support/resistance of 83.7. We're now looking for a retest of this level of the 1/4 hour and going to sell into potential new lows. Read my article about making 50% returns below.
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